| Page | |
|---|---|
| Reportofthe Trustees | 1 to29 |
| Reportofthe Independent Auditors | 30to32 |
| StatementofFinancial Activities | 33 |
| StatementofFinancial Position | 34to35 |
| : StatementofCash Flows | 36 |
| ' NotestotheStatementofCash Flows | 37 |
| NotestotheFinancial Statements | 38to48 |
| Detailed StatementofFinancial Activities | 49to50 |
| A full listing of the proposed virtual and physical eventsisinthe table below. | |
|---|---|
| Event Date Venue |
|
| Reliabiltty of NDTwebinarand 24thJanuary,2021 Virtual Webinar virtual burns supper evening-·---------·------------- |
j |
| tAerospace Workshop_____~~~~~~~~--021~=-=-~~~~~~~Webinar--~===-~~=J. | |
| Aerospace Event 21"- 22"' April,2021 Virtual Webinar |
|
| f Aerosp~~~Eve~~Exhi~itio~~-=--~"~pr~,-202~-~~=~-illrt~alW~blnar-~-~~:~=-_l |
|
| CMConference 14th-18"' June2021 Virtual Webinar |
|
| fCMExhibition - - - · · 14th.16thJurie2021 Virtual Webinar I |
|
| L__.---- -------------------··------~- ·-----.........·-·-----~----~----J NOTConference 6th. 1O"'September Virtual Webinar |
|
| 2021 | |
| ~~~2021Exiiiblilon-- _~~~-B"':~~~ber2021__~irtu~IW~bi:__-~-=-=-J |
|
| Marine Composites Inspection 131h-141h October2021 RoyalNational Lifeboat Institution |
|
| Workshop: 'Sea' whatyouare (RNLI), Poole missing ... ;Viforkshop onsfructural integrity;-1S"'-20"' October2021 MTG,Coventry J INOTandCMrequirements for |
|
| : Industry 4.0 ~ ----------------·-- --------------------· BINDT/RCNDE/CIRIA Workshop November2021 VenueTBC |
|
| onNOTRequirements forRoad Exact dateTBC |
|
| andRailCivil Structures |
| The current Institute awards are as below: | The current Institute awards are as below: | The current Institute awards are as below: |
|---|---|---|
| }r.,.·,<·'·>.·,;<,<';:f',, }-;; .;.;.-~.....-.· ", ,.,, .,-,".> ,:J_ I Award>'· ;'~;,,,;:;,f~~l'Pur'pose>J ,,··•.•·· }';.~}]';1,:~~.····~··· ·<::·::}-'.··(;;,,~,,.f">·.:;,';,·._/;''- "•.'' -~~{.<.y•'1,",;.,l ', ·,/->-,-;,if___'··,.;'.'~-·:':'.: .-~'i,,.,;c;, ..·. |
||
| LifetimeAchievement | Torecognise the valuable and extensive contribution to the British | |
| Award | InstituteofNDT and the wider NDTICM community byanindividual who | |
| has spent most of his/her careerinNDT/CM and who has been an | ||
| active memberofthe Institute foranextensive periodoftime, | ||
| PersonalContribution | To recognise a valuable and extensive personal contribution to the | |
| .Award | British InstituteofNDT and the wider NDT/CM community byan | |
| individual who has been an active member of the Institute foran | ||
| extensive period of time, in which they have contributed and influenced | ||
| the wellbeingofthe Institute. | ||
| TheRoySharpe Prize | fora significant contribution through research and developmentinany | |
| branch of NDT to the benefitofindustry or society. | ||
| TheAnneBirtAward | For a significant contribution to technology innovation, technology | |
| transfer or technology strategy in the fieldofNDT, | ||
| The NemetAward | Foranoutstanding contribution to the practiceofNDT (byanindividual). | |
| The HughMaccoll | For a distinguished contribution by an individual to the teaching or | |
| Award | training of NDT or CM. Nomination required, This should show the | |
| contribution to the teachingortrainingofNDTorCM, | ||
| AerospaceAward | To recognise significant contributions to the NDT/CM community within | |
| the aerospace sector. | ||
| TheJohnGrimwade | For the best paper publishedinBINDT's NDT Journal 'Insight'inthe | |
| Medal | preceding year. | |
| TheRonHalmshaw | For the best paperonradiography publishedinInsightinthe preceding | |
| Award | year. | |
| TheBINDTAnnual | An informal award presented at the endofthe NDT Annual Conference | |
| NOT Conference Paper | for the best paper publishedinthe conference Proceedings. | |
| Award | ||
| TheWilliamGardner | For the best paperinthe Proceedingsofthe NDT Annual Conference | |
| Award | by a studentorpersoninthe early stages (first five years)oftheir | |
| career. | ||
| PractitionerAward | To recognise outstanding achievementinthe learning, sharing or | |
| ' | execution of NDTorCM practice by a SINDT member. | |
| TheTonvLagerAward | For meritorious service toanInstitute Branch by an individuaL | |
| Branch ServiceAward | Foranoutstanding contribution to Branches. | |
| TheTHColeAward | For the Institute Branch with the best percentage increasein | |
| membership during the preceding year. |
| TheJimCottierTravel | Toaidtheprofessional developmentofayoungSINDTmemberby |
|---|---|
| Scholarship | attending an overseas conference. |
| AnnualNOT | To encourage attendance at the SINDT Annual Conferencesby |
| Conference Travel and | contributors from foreign nations. |
| Attendance Award_I_ | |
| AnnualCM | |
| Conference Travel and | |
| Attendance Award | |
| !One oer conference) | |
| The COMADIT Prize | For a significant contribution through research and developmentinany |
| branchofcondition monitoring to the benefitofindustry or society. | |
| CMInnovation Award | For a significant contribution to technology innovation, technology |
| transfer or technology strategyinthe field of CM. | |
| The Len Gelman | For the best paperinthe ProceedingsoftheCMAnnual Conferenceby |
| Award | a student or oersoninthe earlv staaes lfirst five vearsloftheir career. |
| The Roger Lyon | Inrecognitionofthe outstanding achievement of a NOT Apprentice who |
| Apprenticeofthe Year | has successfully completed their end-point assessment through SINDT. |
| Award | |
| The Gail Long Early | To recognise the contribution to NOT/CM or the wider engineering |
| Career Women | communityofwomenintheir early career. |
| Engineerofthe Year |
| (£) | |
|---|---|
| QpeningvalueofCfient1?9ti(otio | 521,415.85 |
| Cashpaidin | 0.00 |
| Cashpaidout | 0_00 |
| Transfers in ond/orout(re-registration) | o_oo |
| Changeinvalue ofassets------ Interest |
25,108.32 ------ 11.01 |
| DividendsandIncomeDistribution | o_oo |
| Platform Charges Product Providercharges--- Financial Adviser Charges - - - - . Olher charges Grossrateorretum (annualised figures) -···-·-- .,.,_..-··----·---·- - j- |
-1,765_55 o_oo -5,045.67 0.00 539,723.96 3.51% (3.50%) 4.85% (4.84%) |
| Year | Liquid Assets Projection(£) |
|---|---|
| 2021 | 836,418 |
| 2022 | 875,725 |
| 2023 | 900, 104 |
| 2024 | 851,721 |
| 2025 | 850,645 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | 3 | ||||
| Membership and registration | 245,296 | 245,296 | 244,167 | ||
| Certification | 1,784,467 | 1,784,467 | 2,131,414 | ||
| Publishing and marketing | 94,244 | 94,244 | 121,939 | ||
| Conferences and events | 11,907 | 11,907 | 287,700 | ||
| Investment income | 2 | 54,490 | 54,490 | 58,793 | |
| Total | 2,190,404 | 2,190,404 | 2,844,013 | ||
| EXPENDITURE ON | |||||
| Raising funds | 4 | 6,824 | 6,824 | 6,809 | |
| Charitable activities | 5 | ||||
| Membership and registration | 211,339 | 900 | 212,239 | 211,308 | |
| Certification | 1,486,280 | 1,486,280 | 1,641,427 | ||
| Publishing and marketing | 499,920 | 499,920 | 544,811 | ||
| Conferences and events | 90,956 | 90,956 | 360,046 | ||
| European&international affairs | 9,619 | 9,619 | 37,687 | ||
| Total | 2,304,938 | 900 | 2,305,838 | 2,802,088 | |
| Net gains on investments | 29,422 | 29,422 | 55,509 | ||
| NET INCOME/(EXPENDITURE) | (85,112) | (900) | (86,012) | 97,434 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 3,151,037 | 12,793 | 3,163,830 | 3,066,396 | |
| TOTAL FUNDS CARRIED FORWARD | 3,065,925 | 11,893 | 3,077,818 | 3,163,830 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 11 | 1,769,332 | 1,769,332 | 1,842,513 | |
| Investments | 12 | 546,952 | 546,952 | 518,486 | |
| 2,316,284 | 2,316,284 | 2,360,999 | |||
| CURRENT ASSETS | |||||
| Stocks | 13 | 49,794 | 49,794 | 49,844 | |
| Debtors | 14 | 391,580 | 391,580 | 482,543 | |
| Cash at bank andinhand | 647,282 | 11,893 | 659,175 | 618,313 | |
| 1,088,656 | 11,893 | 1,100,549 | 1,150,700 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 15 | (339,015) | (339,015) | (347,869) | |
| NET CURRENT ASSETS | 749,641 | 11,893 | 761,534 | 802,831 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 3,065,925 | 11,893 | 3,077,818 | 3,163,830 | |
| NET ASSETS | 3,065,925 | 11,893 | 3,077,818 | 3,163,830 | |
| FUNDS | 17 | ||||
| Unrestricted funds | 3,065,925 | 3,151,037 | |||
| Restricted funds | 11,893 | 12,793 | |||
| TOTAL FUNDS | 3,077,818 | 3,163,830 |
| 2020 | 2020 | 2019 | ||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cashflowsfromoperating activities | ||||
| Cash generated from operations | 1 | 74,006 | 162,562 | |
| Net cash providedbyoperating activities | 74,006 | 162,562 | ||
| Cash flows from investing activities | ||||
| Purchase of tangible fixed assets | (34, | 108) | (56,348) | |
| Purchase of fixed asset investments | (471,226) | |||
| Sale of fixed asset investments | 956 | 471,289 | ||
| Interest received | 8 | 93 | ||
| Dividends received | 2,494 | |||
| Netcashusedininvesting activities | (33, | 144) | (53,698) | |
| Change in cash and cash equivalents | ||||
| in the reporting period | 40,862 | 108,864 | ||
| Cash and cash equivalentsatthe | ||||
| beginningofthe reporting period | 618,313 | 509,449 | ||
| Cash and cash equivalentsatthe end | ||||
| ofthe reporting period | 659,175 | 618,313 |
ACTIVITIES |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Net {expenditure)/incomeforthereportingperiod{asperthe | ||
| StatementofFinancialActivities) | (86,012) | 97,434 |
| Adjustmentsfor: | ||
| Depreciation charges | 107,289 | 87,232 |
| Gainoninvestments | (29,422) | (55,509) |
| Interest received | (8) | (93) |
| Dividends received | (2,494) | |
| Realised {Gains)/Lossesoninvestments | (63) | |
| Decrease/{increase)instocks | 50 | (12,786) |
| Decreaseindebtors | 90,963 | 115,311 |
| Decreaseincreditors | (8,854) | (66,470) |
| Net cashprovidedbyoperations | 74,006 | 162,562 |
| Al1/1/20 | Cash flow | At 31/12/20 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank andinhand | 618,313 | 40,862 | 659,175 |
| . 618,313 | 40,862 | 659,175 | |
| Total | 618,313 | 40,862 | 659,175 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Dividends | 2,494 | |
| Rental income | 54,482 | 56,206 |
| Interest receivable | 8 | 93 |
| 54,490 | 58,793 |
| 2020 | 2019 | ||
|---|---|---|---|
| Activity | £ | £ | |
| Subscriptions | Membership and registration | 239,858 | 237,116 |
| IAQP | Membership and registration | 5,438 | 6,701 |
| Other income | Membership and registration | 350 | |
| Other income | Certification | 1,931 | 2,022 |
| Certification activities | Certification | 1,760,718 | 2,129,392 |
| Government grants | Certification | 21,818 | |
| Journal advertising income | Publishingandmarketing | 26,464 | 39,926 |
| Publications advertising | |||
| income | Publishing and marketing | 34,484 | 36,164 |
| Saleofbooks and insignia | Publishing and marketing | 16,477 | 27,081 |
| Journal subscriptions | Publishing and marketing | 16,809 | 17,694 |
| Condition monitor | Publishing and marketing | 10 | 1,074 |
| Conference and seminar | |||
| receipts | Conferences and events | 3,705 | 273,590 |
| Branch income | Conferences and events | 8,202 | 14,110 |
| 2,135,914 | 2,785,220 |
| Investment management costs | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Investment management costs | ~ | ~ | |
| CHARITABLE ACTIVITIES COSTS | |||
| Support | |||
| Direct | costs (see | ||
| Costs | note 6) | Totals | |
| £ | £ | £ | |
| Membership and registration | 163,469 | 48,770 | 212,239 |
| Certification | 1,127,703 | 358,577 | 1,486,280 |
| Publishing and marketing | 484,365 | 15,555 | 499,920 |
| Conferences and events | 86,992 | 3,964 | 90,956 |
| European & international affairs | 9,619 | 9,619 | |
| 1,872,148 | 426,866 | 2,299,014 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Membership and registration | 43,659 | 2,768 | 2,343 | 48,770 |
| Certification | 323,217 | 19, 147 | 16,213 | 358,577 |
| Publishing and marketing | 13,850 | 923 | 782 | 15,555 |
| Conferences and events | 3,538 | 231 | 195 | 3,964 |
| 384,264 | 23,069 | 19,533 | 426,866 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 5,620 | 5,460 |
| Auditors' remuneration for non audit work | 13,913 | 12, 166 |
| Depreciation - owned assets | 107,289 | 87,232 |
| STAFF COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 1,116,779 | 1,151,768 |
| Social security costs | 108,896 | 111,054 |
| Other pension costs | 90,328 | 84,849 |
| 1,316,003 | 1,347,671 |
| 2020 | 2019 |
|---|---|
| 37 | 38 |
| = |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Charitable activities | |||
| Membership and registration | 243,817 | 350 | 244,167 |
| Certification | 2,131,414 | 2,131,414 | |
| Publishing and marketing | 121,939 | 121,939 | |
| Conferences and events | 287,700 | 287,700 | |
| Investment income | 58,793 | 58,793 | |
| Total | 2,843,663 | 350 | 2,844,013 |
| EXPENDITUREON | |||
| Raising funds | .6,809 | 6,809 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| Charitableactivities | ||||||
| Membership and registration | 208,815 | 2,493 | 211,308 | |||
| Certification | 1,641,427 | 1,641,427 | ||||
| Publishing and marketing | 544,811 | 544,811 | ||||
| Conferences and events | 360,046 | 360,046 | ||||
| European&international affairs | 37,687 | 37,687 | ||||
| Total | 2,799,595 | 2,493 | 2,802,088 | |||
| Net gains on investments | 55,509 | 55,509 | ||||
| NET INCOME/(EXPENDITURE) | 99,577 | (2,143) | 97,434 | |||
| Transfers betweenfunds | (646) | 646 | ||||
| Netmovementinfunds | 98,931 | (1,497) | 97,434 | |||
| RECONCILIATION OF FUNDS | ||||||
| Totalfundsbroughtforward | 3,052,106 | 14,290 | 3,066,396 | |||
| TOTALFUNDS CARRIED FORWARD | 3,151,037 | 12,793 | 3,163.830 | |||
| 11. | TANGIBLE FIXED ASSETS | |||||
| Presidents | Fixtures | |||||
| Freehold | chains of | and | ||||
| property | office | Equipment | fittings | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At 1 January 2020 | 1,955,344 | 1,547 | 490,822 | 94,897 | 2,542,610 | |
| Additions | 7,138 | 24,732 | 2.238 | 34,108 | ||
| At31December 2020 | 1,962,482 | 1,547 | 515,554 | 97, 135 | 2,576,718 | |
| DEPRECIATION | ||||||
| At 1 January 2020 | 204,187 | 411,535 | 84,375 | 700,097 | ||
| Charge for year | 54.700 | 47,432 | 5,157 | 107,289 | ||
| At31December 2020 | 258,887 | 458,967 | 89,532 | 807,386 | ||
| NETBOOKVALUE | ||||||
| At31December 2020 | 1,703,595 | 1,547 | 56,587 | 7,603 | 1,769,332 | |
| At31December 2019 | 1,751.157 | 1,547 | 79,287 | 10,522 | 1,842,513 |
| FIXED ASSET INVESTMENTS | |
|---|---|
| Movement | |
| inmarket | |
| valueof | |
| UK | |
| quoted | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 January 2020 | 518,486 |
| Disposals | (956) |
| Revaluations | 29,422 |
| At31December 2020 | 546,952 |
| NET BOOK VALUE | |
| At31December 2020 | 546,952 |
| At31December 2019 | 518,486 |
| Analysis of investments between funds | |
| Unrestricted fund | |
| £ | |
| UK equities | 546,950 |
| Non-UK equities | |
| Sharesingroup undertakings | 2 |
| 546,952 |
| STOCKS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Finished goods | 49,794 | 49,844 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Trade debtors | 220,887 | 282,121 |
| Bad debt provision | (5,000) | (5,000) |
| Other debtors | (75) | (75) |
| Prepayments and accrued income | 175,768 | 205,497 |
| 391,580 | 482,543 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | |
| £ | £ | |
| Trade creditors | 70,754 | 65,336 |
| Social security and other taxes | 36,947 | 28,417 |
| VAT | 38,271 | 36,820 |
| Other creditors | 18, 193 | 20,535 |
| Accruals | 59,695 | 79,025 |
| Deferred income | 115,155 | 117,736 |
| 339,015 | 347,869 |
| Deferred income | |||||
|---|---|---|---|---|---|
| Balance at | Balanceat31 | ||||
| 1 | January 2020 | Released | Deferred | December 2020 | |
| £ | £ | £ | £ | ||
| Subscriptions | 117,736 | (117,736) | 115,155 | 115,155 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Within one year | 4,931 | 8,920 |
| Between one and five years | 186 | 5,118 |
| 5,117 | 14,038 |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/20 | in funds | 31/12/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,151,037 | (85, 112) | 3,065,925 |
| Restricted funds | |||
| Croxson Memorial Fund | 2,810 | 2,810 | |
| BNC for NOT Fund | 31 | 31 | |
| Halmshaw Award Fund | 4,560 | (350) | 4,210 |
| The Nemet Award | 5,392 | (550) | 4,842 |
| 12,793 | (900) | 11,893 | |
| TOTAL FUNDS | 3,163,830 | (86,012) | 3,077,818 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 2,190,404 | (2,304,938) | 29,422 | (85, 112) |
| Restricted funds | ||||
| Halmshaw Award Fund | (350) | (350) | ||
| The Nemet Award | (550) | (550) | ||
| (900) | (900) | |||
| TOTAL FUNDS | 2,190,404 | (2,305,838) | 29,422 | (86,012) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | Al | ||
| Al1/1/19 | infunds | funds | 31/12/19 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 3,052,106 | 99,577 | (646) | 3,151,037 |
| Restricted funds | ||||
| Croxson Memorial Fund | 2,810 | 2,810 | ||
| BNC for NOT Fund | 31 | 31 | ||
| Halmshaw Award Fund | 4,910 | (350) | 4,560 | |
| BINDT Travel Scholarship | 482 | (948) | 466 | |
| The Nemet Award | 6,057 | (665) | 5,392 | |
| COMADIT Prize | (180) | 180 | ||
| 14,290 | (2, 143) | 646 | 12,793 | |
| TOTAL FUNDS | 3,066,396 | 97,434 | 3,163,830 |
| Comparative net movementinfund | s, includedinthe abov | s, includedinthe abov | e are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | infunds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 2,843,663 | (2,799,595) | 55,509 | 99,577 | |
| Restricted funds | |||||
| Halmshaw Award Fund | (350) | (350) | |||
| BINDT Travel Scholarship | (948) | (948) | |||
| The Nemet Award | (665) | (665) | |||
| COMADIT Prize | 350 | (530) | (180) | ||
| 350 | (2,493) | (2, 143) | |||
| TOTAL FUNDS | 2,844,013 | (2,802,088) | 55,509 | 97,434 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Dividends | 2,494 | |
| Rental income | 54,482 | 56,206 |
| Interest receivable | 8 | 93 |
| 54,490 | 58,793 | |
| Charitable activities | ||
| Subscriptions | 239,858 | 237,116 |
| IAQP | 5,438 | 6,701 |
| Journal advertising income | 26,464 | 39,926 |
| Publications advertising income | 34,484 | 36,164 |
| Saleofbooks and insignia | 16,477 | 27,081 |
| Journal subscriptions | 16,809 | 17,694 |
| Condition monitor | 10 | 1,074 |
| Conference and seminar receipts | 3,705 | 273,590 |
| Other income | 1,931 | 2,372 |
| Certification activities | 1,760,718 | 2,129,392 |
| Government grants | 21,818 | |
| Branch income | 8,202 | 14, 110 |
| 2, 135,914 | 2,785,220 | |
| Total incoming resources | 2,190,404 | 2,844,013 |
| EXPENDITURE | ||
| Investment management costs | ||
| Investment management costs | 6,824 | 6,809 |
| Charitable activities | ||
| Wages | 1,116,779 | 1,151,768 |
| Social security | 108,896 | 111,054 |
| Pension costs | 90,328 | 84,849 |
| Other staff benefits | 36,415 | 46,030 |
| Journal production costs | 152,579 | 148,549 |
| Publication costs | 109,560 | 117,377 |
| Website/electronic publishing | 29,808 | 32,722 |
| Cost of books and insignia | 3,438 | 17,782 |
| Conference expenses | 8,215 | 168,635 |
| Branch costs | 7,029 | 16,059 |
| European and international affairs | 9,619 | 37,687 |
| UKAS fees | 13,752 | 17,881 |
| PCN audit fees | 54,746 | 58,907 |
| Awards | 4,165 | 11,645 |
| Carried forward | 1,745,329 | 2,020,945 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Charitableactivities | ||
| Brought forward | 1,745,329 | 2,020,945 |
| othercertification services | 79,958 | 185,305 |
| Legal costs | 9,410 | 11,888 |
| Staff costs | 4,651 | 27,264 |
| Marketing | 9,862 | 21,894 |
| Meeting expenses | 12,017 | 27,336 |
| Staff training | 10,921 | 19,247 |
| 1,872, 148 | 2,313,879 | |
| Supportcosts | ||
| Management | ||
| Telephone | 19,394 | 19,427 |
| Postage and stationery | 48,961 | 79,686 |
| Sundry expenses | 18,810 | 9,635 |
| Computer costs | 100,639 | 105,236 |
| Bad debts | (1,419) | 22,073 |
| Premises, facilities and insurance costs | 90,590 | 108,644 |
| Depreciation | 107,289 | 87,232 |
| 384,264 | 431,933 | |
| Finance | ||
| . Bank charges | 23,069 | 31,841 |
| Governancecosts | ||
| Auditors' remuneration | 5,620 | 5,460 |
| Auditors' remuneration for non audit work | 13,913 | 12,166 |
| 19,533 | 17,626 | |
| Total resources expended | 2,305,838 | 2,802,088 |
| Net(expenditure)/incomebeforegains | ||
| andlosses | (115,434) | 41,925 |
| Realisedrecognisedgainsandlosses | ||
| Realised gains/(losses) on fixed asset | ||
| investments | 29,422 | 55,509 |
| Net(expenditure)/income | (86,012) | 97,434 |